Unexpected weather events or other disasters such as a fire or crime could have a devastating impact on your business. What would happen to your business if you had a major fire? How would your company respond to extensive acts of vandalism?
Contents insurance, also know as business property insurance, is one of the best ways to protect your business property and its operations. Business property insurance consists of two insurance coverage categories: 1) property--which covers your business’s building and business personal property, and 2) business interruption--which covers expenses and lost income.
Contents insurance protects your business equipment, desk, phones, computers, furniture, fixtures, merchandise, materials money and securities, and other personal property owned by you and used in your business from threats such as fire, storm damage or theft. Contents insurance also protects you against loss or damage to the property of others left in your possession at your job site. Even if you run a home-based business and have home owners insurance, you'll still need to protect your business assets with separate contents insurance, as your home owner's policy probably will not cover business equipment.
Insurance for personal property that is usually contained in a building or other structure; property other than real (fixed, structural) property.